While it’s *soooo* tempting to write about the stomach-churning drop/spike/dive thrill ride the financial markets have embarked on after this week’s Federal Reserve rate cut, I will resist and instead direct your attention to a topic much more important to our future.
Here at PeakProsperity.com, we’ve long warned about the dangers of inflation and of devaluation of the purchasing power of fiat currency over time. And the past decade has done nothing but validate our concerns, as the world’s central banks nearly quadrupled the money supply by printing roughly $14 Trillion out of thin air since 2008.
We’ve long encouraged investors both big and small to invest in tangible wealth (aka “hard assets”). These are assets that have intrinsic value that can’t be inflated away to nothing by a runaway printing press.
One of most desirable forms of tangible wealth is productive farmland. No matter what happens to the dollar, the Euro, the yen, or the yuan, people will always need to eat; and will trade cash, goods, services or labor for the farmer’s output.
But farmland, especially quality farmland, isn’t easy to own.
Not many folks can realistically purchase a farm. Few have the (substantial) capital to buy one, and way fewer have the expertise, energy and temperament to manage and operate one.
There aren’t many other options for investors besides purchasing shares of the publicly traded mega-producers.
But for those deeply troubled by the extractive and rapacious nature of most modern conventional farming practices — which are ruining our priceless topsoils, depleting aquifers, killing off the insects, creating toxic algal blooms and dead zones in our rivers and oceans, and producing unhealthy foods, to boot — how can you avoid supporting the evils of Big Ag?
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